There are many benefits of engaging in metro-oriented property development. Some benefits accrue directly to the metro operator e.g. generating ridership, while other externalities benefit the city and local economy more widely e.g. creating employment. In the post-pandemic context, some metros identified that property development offers opportunities in generating more non-transportation related revenue, which can then bridge funding gaps when declines in ridership happen.
The study reviewed the status of property development activities and development rights across member metros, as well as different models and strategies used by metros to engage in property development including collaboration with government, developers and other stakeholders. It also compiles the examples of metro experiences creating and operating established property development models including best practices and lessons learnt.
